Start with Heart
I recently came across an interesting article written by Anthony K. Tjan in the Harvard Business Review about entrepreneurship. As a full-time entrepreneur, I’m always reading stories, articles, blogs, and listening to podcasts about entrepreneurship. I love to know what makes people tick, but there’s something with learning about the stories of other entrepreneurs that really interests me!
In doing research for a book he was working on, Tjan and his colleagues interviewed several entrepreneurs who had a successful exit from their business (as in IPO or sale to another firm) and discovered that about 70% of them did NOT start with a formal business plan! Tjan says this: “Instead, their business journeys originated in a different place, a place we call the Heart. They were conceived not with a document but with a feeling and doing for an authentic vision. Clarity of purpose and passion ruled the day with less time spent writing about an idea and more time spent just doing it.”
I can 100% see that being the case. Before I started my medical practice, when it was just an idea in my mind, I heard everyone telling me that I needed a formal, written business plan. So writing a long 60+ business plan is what I did! The financial figures I included weren’t really accurate because I didn’t know how much it would ACTUALLY cost and how much I would ACTUALLY generate in revenue until I was in the thick of it. What drove my business in those early years was HEART and full dedication to making my business successful……. NOT the formal business plan.
I encourage your to check out Tjan’s full Harvard Business Review article HERE and tell me what you think……..
Dr. Carmen April is an entrepreneur and community leader recognized as a Nashville Emerging Leader (NELA) Award Winner, a Nashville Business Journal Top 40 Under Forty Award Recipient, is a Graduate of the New Leaders Council Institute – Nashville Chapter and is a 2018 Nashville Power Moves Award Winner. She is a Podiatrist and Owner of The Foot And Ankle Healthcare Center, PC in the Nashville area. She is also the creator and owner of Ann DeVeaux Boutique, an online fashion Boutique. She is a Reiki Master, a Law of Attraction Practitioner, and an advocate for the power of positive thinking! Dr. April is available for speaking engagements on Leadership & Life Leadership for College Students and Young Professionals and is the creator of the “Design Your Story” Women’s Empowerment Series.